$560,000
SOLD MAR 29, 2021

550 Lakeland St Grosse Pointe, MI 48230

4 Beds
2.5 Baths
2,497 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$224 Per Sq Ft

3% Below List Price

1 Day on Market

Highlights

  • Colonial Architecture
  • Ground Level Unit
  • 2 Car Direct Access Garage
  • Lewis Maire Elementary School Rated A
  • No HOA
  • 4-minute walk to Rotary Tot Lot

About This Home

As of September 2021

This wonderful all brick colonial home has been completely renovated and sits on a beautiful, sizable corner lot. Location, location, location!!! This home is just one block away from the Grosse Pointe Village with many restaurants and shops, the Neighborhood Club, Parks, and close to the other Grosse Pointe downtown areas! This home boasts hardwood floors, new paint, renovated kitchen and bathrooms, new appliances, updated lighting, professional waterproofing system with sump pump, newer HVAC, newer dimensional shingle roof, new 200 amp electrical panel, and more.

Last Agent to Sell the Property

Jay Lambrecht

Lambrecht Realty LLC License #6501375482 Listed on: 02/10/2021

Last Buyer's Agent

Jimmy Saros

Jim Saros Real Estate Services License #6501398798

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1963 | Remodeled in 2020

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 60.00x175.30

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2,497 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace

Kitchen

  • Free-Standing Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Sump Pump
  • Natural lighting in basement

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Patio
  • Porch

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Community Details

  • No Home Owners Association
  • Lakeland Court Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 37003010069001

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,694

Year Built

Built in 1963 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1963
  • State Equalized Value: 258600.0000
  • Year Renovated: 2020
  • Foundation Features: Drainage System | Sump Pump
  • Entry Location: Ground Level
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Locations: Family Room, Living Room
  • Room Count: 11
  • Total Bedrooms: 4
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Daylight, Partially Finished
  • Kitchen Appliances: Dishwasher, Dryer, Free-Standing Gas Range, Free-Standing Refrigerator, Washer
  • Sq Ft Combined: 3497
  • Sq Ft Lower Floor: 1000
  • Total Sq Ft: 2497
  • Sq Ft Total Bsmt: 1245

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 60
  • Porch Type: Patio, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Direct Access, Electricity, Door Opener, Attached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Water at Street
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Grosse Pointe

Lot Info

  • Lot Size Area: 0.24
  • Lot Dimensions: 60.00X175.30
  • Parcel Number: 37003010069001

Tax Info

  • Tax Amount Summer: 5601.0000
  • Tax Amount Winter: 3093.0000
  • Total Tax: 8694.0000
  • Taxable Value: 161145.0000

MLS Schools

  • School District: Grosse Pointe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2021
Closed on
Sep 10, 2021
Sold by
Boutrous James J
Bought by
Hausser Marcus and Hausser Dima
Seller's Agent
Mark Monaghan
Sine & Monaghan LLC
Buyer's Agent
Scott Adlhoch
List Price
$599,900
Sold Price
$555,000
Premium/Discount to List
-$44,900
-7.48%
Current Estimated Value
$695,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,409
Avg. Annual Appreciation
5.74%

Purchase Details

Listed on
Feb 10, 2021
Closed on
Mar 29, 2021
Sold by
Neal Blake
Bought by
Boutrous James J
Seller's Agent
Jay Lambrecht
Lambrecht Realty LLC
Buyer's Agent
Jimmy Saros
Jim Saros Real Estate Services
List Price
$575,000
Sold Price
$560,000
Premium/Discount to List
-$15,000
-2.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.97%
Original Mortgage
$532,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 11, 2020
Closed on
May 1, 2020
Sold by
Dunlop William M and Dunlop Diana M
Bought by
Neal Blake
Seller's Agent
Mark Monaghan
Sine & Monaghan LLC
Buyer's Agent
Jay Lambrecht
Lambrecht Realty LLC
List Price
$475,000
Sold Price
$430,000
Premium/Discount to List
-$45,000
-9.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.68%
Original Mortgage
$408,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 1999
Sold by
Hollerbach Kelly K
Bought by
Dunlop Diana M
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $555,000 Ata National Title Group Llc
Warranty Deed $560,000 Chirco Title Agency Inc
Warranty Deed $430,000 Ata National Title Group Llc
Deed $450,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $532,000 New Conventional
Previous Owner $408,500 New Conventional
Previous Owner $356,000 Negative Amortization
Previous Owner $352,500 Unknown
Previous Owner $33,500 Stand Alone Second
Previous Owner $368,000 Fannie Mae Freddie Mac
Previous Owner $250,000 Unknown
Previous Owner $214,500 Unknown
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2021 09/10/21 Sold $555,000 -5.1% $222 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
07/06/2021 07/06/21 Price Changed $585,000 -2.5% $234 / Sq Ft
06/08/2021 06/08/21 For Sale $599,900 +7.1% $240 / Sq Ft
03/29/2021 03/29/21 Sold $560,000 -2.6% $224 / Sq Ft
02/12/2021 02/12/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $575,000 +33.7% $230 / Sq Ft
05/01/2020 05/01/20 Sold $430,000 -5.5% $172 / Sq Ft
04/19/2020 04/19/20 Pending -- -- --
03/10/2020 03/10/20 Price Changed $455,000 -4.2% $182 / Sq Ft
02/11/2020 02/11/20 For Sale $475,000 0.0% $190 / Sq Ft
08/15/2016 08/15/16 Rented $2,500 -13.8% --
08/05/2016 08/05/16 Under Contract -- -- --
06/28/2016 06/28/16 For Rent $2,900 +16.0% --
07/10/2012 07/10/12 Rented $2,500 0.0% --
06/14/2012 06/14/12 Under Contract -- -- --
05/31/2012 05/31/12 For Rent $2,500 -- --
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,700 $330,100 $0 $0
2024 $9,700 $301,300 $0 $0
2023 $9,250 $271,700 $0 $0
2022 $13,913 $268,900 $0 $0
2021 $13,612 $268,600 $0 $0
2019 $10,599 $252,500 $0 $0
2018 $5,237 $241,300 $0 $0
2017 $9,098 $238,200 $0 $0
2016 $9,597 $227,400 $0 $0
2015 $14,946 $203,000 $0 $0
2013 $14,479 $151,900 $0 $0
2012 -- $141,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210008599

Realcomp

APN: 37-003-01-0069-001